Post
Topic
Board Announcements (Altcoins)
Re: [ANN][WOLF] InsanityCoin - coin for investors and traders
by
InsanityDev
on 02/03/2014, 21:42:13 UTC
The thing is, nobody knows for sure. A blockchain ledger that isn't being mined currently can be faked easily. As of now there's not enough to claim it as a fraud and inversely there isn't enough evidence to claim it as not a fraud. So people can speculate. I do think it's an exciting game, a great experiment (does rarity make something valuable or does it have to have a use too?), and something that's never been done before. Will people want WOLF after 4 weeks, 9 weeks, forever? Place your bets now Wink. I'm just going to watch the boxing match haha.

It is being mined, and the more that mine it the better. For now I'm paying for mining rig contracts out of my own pocket, with a larger amount set aside in case we need a big ramp up on hashing.

Please also see https://bitcointalk.org/index.php?topic=471166.msg5438847#msg5438847 & https://bitcointalk.org/index.php?topic=471166.msg5449872#msg5449872 a discussion we really need to finish soon.

Also very interested to see the 10-24 week valuation, I guess I judge the project based on my own intentions, others just have to watch and judge based on (my) actions.